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20100212
20100212
Search Results 0 to 12 of about 13 (some duplicates have been removed)
of the treasuries this week at what happened in there, and what bernanke said, that maybe this economy's coming around. he suggested earlier in the week that maybe the discount rates might have to be raised. the only time they're going to raise the discount rate is if things are moving around pretty good. he throws that out there to see how the market would react. it reacted well to it. i think if retail sales is neutral to a positive number, that will help the market going into the weekend with the momentum. you have this sovereign debt thing, which greece seemed to abproblem, but doesn't seem to be a problem anymore. >> thanks so much, ron pankau. >> lawmakers unveiled a proposal for a jobs bill on thursday. senators are not likely to vote until the last of the february. it's an $85 billion plan including tax breaks for small businesses hiring new workers, along with construction projects, and an extension of unemployment benefits and health care coverage, along with other ideas. >> recent numbers show the job market is trying to recover with some applications for unemployment benefits fallin
report. so, who is the president's boss? ben bernanke. ben bernanke. all of our decisions are being made looking through the lens of these people. next, progressive taxes. millions. bringing down hollywood. next. >> glenn: so, yesterday, i was driving to jay leno's car garage. i'll tell you about that on the radio. but, i look up and they are covering the sign of hollywood. these are just we love the little animals. we just want to save the -- look at the mountain. so what they're doing is covering this iconic sign, that they fought so hard to make sure that sign is there. little do they know they don't want in a recession, they don't want any of the houses built on top of the peak. they want to keep pristine like it's always been intended. it's an icon of hollywood. can i show you an old picture? ? this is from 1923 or 1926. put this up. i love this picture. this says hollywoodland. why did it say that? that was originally a giant billboard advertising homes to be built on the peak. behold the irony. we have the publisher of bighollywood.com and biggovernment.com. how are you? >> very w
. >> do you think geithner in this administration and the previous administration, geithner and bernanke and larry summers have done a good job in hemming the financial sector as well as -- >> you know, 2020 hindsight is a specialty in this country and now we're having all kinds of hearings. but at the time this thing hit us in a significant way, those guys were working 18, 19 hours 0 day. they were making decisions with the information that they had available. they made mistakes. but the bottom line is, the system is still working. we are making progress. >> and we averted disaster. >> we averted two or three disasters. and i, therefore, applaud what they did, and if you notice, we support what they did. were there errors? sure. >> did i make judgments that weren't perfect? you bet. >> what does the chamber think about the boca rules. >> chairman volkert is a very smart man. and he raises a thoughtful argument. that press conference with the volkert rules and things the political guys threw in that was not naferred by geithner and sumners. but the volkert rules make since with one excep
for the u.s. in 2 1/2 years at around 0.5%. and looking at what bernanke said this week, gave us a laundry list of ways to exit the strategy, basically, and he basically talked about, you know, the possibility of increasing interests on bank reserves. and while in basically contrast, the ecb is not going to do the exit strategy. it's going to stay in and maybe in too deep right now as it may need to provide some liquidity out of what happened from greece. so that will definitely give the yield luster for the u.s. dollar. >> so what target would you put on euro/dollar? >> still looking at 1.32% before the end of the quarter. any bounce, really, is going to be more of the corrective bounce, not more than 1.3950. >> i was wondering, what do you see the likelihood of a new and increased quantitative easing effort by the ecb, either in a direct like we've seen in the u.s. or uk and a continuation of the currency? >> look, even though they said they are not going to provide renewed 12-month loan facility, the ecb, this institution that has been seen as one of the first institutions to get out of
week leading a charge to convince ben bernanke and geithner to use their power to increase liquidity for the commercial marketplace. good or bad idea? >> right. well, i don't want to see the government actually spending money. one of the problems we have in commercial real estate, in fact in small business lending is the regulators, government is leaning on small banks so hard they are scared to lend now. and it's an overreaction. we get overlenient on regulations sometimes and then overregulatory and i think we're having too much regulation today. gregg: your bottom line is government, butt out. brian wesbury, thanks for being with us. >> thanks, great to be with you. martha: surveillance camera images that are truly horrifying. a 15-year-old girl, hard to watch, folks -- savagely beaten, while security guard, the guys in the vests, standing around while the girl is kicked in the head. what are these people's excuses for what they did? and what is this city doing now to stop this? >> plus it looks more like the northeast than the south. can you believe this? a wicked winter storm is
together with bernanke's exit speech, you put that together and people say, wait a second, maybe the tight is turning. and being on top of the timing of when the fed starts to tighten or when the rhetoric changes, because when the rhetoric changes, that's when rates will change. and if there weren't enough international news, the european central bank plans to join forces of the european commission to monitor the situation in greece. ecb president jean-claude trichet says the two will draw up necessary measures to maintain stability in the euro zone. european officials offered support for debt-laden greece at a summit yesterday. we don't know what's in the plan. it's some sort of support. >> i don't know what the plan is. except everybody is happy they're in a plan. >> they're in something. they've expressed support. >> monday, the finance ministers meet again. this may be a situation where you see more of the details that start to emerge. what's it call, the european -- the meeting on monday. >> what worries me is that the plan itself will be so underwell manying that people will say, is
it on the bernanke excuse stroke reason. we saw it in particular on heavy volume last friday and this is not really -- is this not really a market where really the chick ents are coming home to roost, bid up on a lot of artificial liquidity and is systematically now deleveraging? >> i tend to agree long term i'm very bullish. we have been through a tremendous recession worldwide and now we're just seeing reel it budding stages of a new economic expansion. we're not out of the woods yet but a lot better than six months ago. >> i'm not sure you can agree with me and be bullish. if you have systematic deleveraging this market is going to go down and down surely if that is true. >> i don't really think that the market -- >> surely if that is the reasoning then this is not good news for sometime. >> well, again, we view the world from a financial planning perspective. if you're a trader, you've got this risk on, then you're at risk with short-term money. long-term money viewing from a financial planning perspective, we've been building cash, we've been defensive for quite a while, and our main goal with
responsible for those decisions at that time, including president bush, secretaryw3 paulson, chairman bernanke along with me. our judgment was those problems would have been dramatically amplified if aig had failed and they would spread to parts of the system that would have otherwise been unaffected, including basic confidence in the insurance industry. >> or is it to the derivative business? securities lending and insurance companies? the commercial paper? the aircraft leasing business? or something else? >> it is hard to separate. what is systemic risk is a difficult thing to judge. >> we are all finding that out. >> that is the reality of it. i think the simplest way to say it is look at what happened >> but that's the reality of it. again, i think the simplest way to say it is look at what happened after lehman brothers and the broader collapse of many of our larger institutions look what happened in that. savings vel fell by 40%. you saw hundreds of thousands of businesses forced to closed, millions of people lost their work. basic confidence in the stability of our system was broken. yo
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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